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The next two weeks are the "window dressing" week for most equity mutual funds managers. I urge you move money out of those "road kills". SOME POSITIVE SIGNS IN CHINA While exports seemed to have suffered a bit of a setback in May (-36.4% YoY versus -22.6% in April), it does look...

<strong>Offsetting The Stimulus Package</strong> U.S. retail gasoline prices are now up a full buck from the lows, to $2.62 a gallon (up 41 days in a row) ? the equivalent of a $130 billion drag on discretionary spending at an annual rate. Tack on the 60bps bounce in mortgage rates...

*According to a response filed by the Solicitor General Elena Kagan on behalf of the United States of America, no court, not even the Supreme Court, has an authority to rule on the applicability of the TARP funds, previously designated exclusively for financial company bail outs, for the...

<strong>Impact from stimulus package very muted</strong> According to an article from Bloomberg News, the $787 billion package passed in February is having less of an impact than most economists expected. About $111 billion in planned infrastructure spending is arriving so slowly that...

<strong>Pending sales up strongly in April</strong> Pending home sales rose 6.7% M/M in April, for the third consecutive monthly gain. This was higher than consensus estimates for a 0.5% gain, with sales in the Northeast (+32.6% M/M) and Midwest (9.8% M/M) leading the way. Sales in the...

For clarification DXY = Dollor Index CPI Index = :) GOLDS Comdty = Gold Spot Price Median Spreads as showing in right hand column

To all, I'm simply stating the FACT that CPI is not a very good indicator about inflation and TIPs aint going to fully hedge you in a high/hyper inflation environment. Commodities like Gold, Sliver and Copper are much better alternatives against inflation. And again, at the moment, deflation is...

A quick trading idea for your play money, buy GM stock or July-Sep $1 call, UAW would love to get out their positions asap to pay back the concessions, I believe Mr. Obama will help them to get out at a "reasonable" price.

THE MARKET SURGED ON THE BACK OF THE CONFERENCE BOARD CONSUMER CONFIDENCE REPORT FOR MAY ? The headline index surged to 54.9 from 40.8 in April and the 25.3 low in February. The 29.6 point jump over the last three months is a record. This will revive the ?green shoot? advocates...

<strong>Macro Viewpoint</strong> <strong>It is so over</strong> Are the markets trying to tell us something about the second derivative story? The S&P 500 is headed for a second consecutive week in the red, copper prices are down $15 from the recent peak hit last April and high yield...

US won't lose its AAA rating, at least not in the near term, Debt/GDP ratio is still below 100% (around 70%, Thank God!), but we all knew China has been slowly diversifying away from dollar and that by itself is enough to bring down the value of dollar, on top of that, big Ben and little Timmy...